International Finance Discussion Papers: Capital Controls During Financial Crises: The Case of Malaysia and Thailand - Couverture souple

Edison, Hali J; Reinhart, Carmen M

 
9781288732821: International Finance Discussion Papers: Capital Controls During Financial Crises: The Case of Malaysia and Thailand

Synopsis

This study examines the impact capital controls had in Malaysia (1998-1999) and Thailand (1997). We aim to assess the extent to which the capital controls were effective in delivering the outcomes that motivated their imposition. We conclude that in Thailand the controls did not deliver much of what was intended--although, one does not observe the counterfactual. By contrast, in the case of Malaysia the controls did align closely with the priors of what controls are intended to achieve: greater interest rate and exchange rate stability and more policy autonomy.

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Autres éditions populaires du même titre

9781297052590: International Finance Discussion Papers: Capital Controls During Financial Crises: The Case of Malaysia and Thailand - Scholar's Choice Edition

Edition présentée

ISBN 10 :  1297052595 ISBN 13 :  9781297052590
Editeur : Scholar's Choice, 2015
Couverture souple